Investment In Unconsolidated Joint Venture (Tables)

6 Months Ended

Jun. 30, 2017

Investment In Unconsolidated Joint Venture [Abstract]

Schedule Of Financial Position of Unconsolidated Joint Ventures

	As of June 30, 2017
Investment in hotel properties, net	$	48,659
Cash and cash equivalents		1,860
Restricted cash, property escrows		910
Accounts receivable, prepaid expenses, and other assets		485
Total Assets	$	51,914
Accounts payable, accrued expenses, and other liabilities	$	1,491
Land option liability		6,190
Long-term debt, net of deferred financing costs		33,268
Total Liabilities		40,949
Condor equity		8,772
TWC equity		2,193
Total Equity		10,965
Total Liabilities and Equity	$	51,914

Summary Of Results Of Operations Of Unconsolidated Joint Ventures

	Three months ended June 30, 2017		Six months ended June 30, 2017
Revenue
Room rentals and other hotel services	$	3,061	$	6,050
Operating Expenses
Hotel and property operations		2,062		3,923
Depreciation and amortization		412		823
Total operating expenses		2,474		4,746
Operating income		587		1,304
Net loss on disposition of assets		(3)		(4)
Net loss on derivative		(2)		(2)
Interest expense		(523)		(1,128)
Net earnings	$	59	$	170
Condor allocated earnings	$	25	$	136
TWC allocated earnings		34		34
Net earnings	$	59	$	170